Stephens Inc. AR Invests $114,000 in Venture Global, Inc. (NYSE:VG)

Stephens Inc. AR purchased a new position in shares of Venture Global, Inc. (NYSE:VG) in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 11,066 shares of the company’s stock, valued at approximately $114,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Bank of New York Mellon Corp purchased a new stake in Venture Global during the 1st quarter worth about $18,551,000. Catalyst Capital Advisors LLC purchased a new stake in shares of Venture Global in the 1st quarter valued at about $14,285,000. Envestnet Asset Management Inc. purchased a new stake in shares of Venture Global in the 1st quarter valued at about $2,417,000. Renaissance Capital LLC purchased a new stake in shares of Venture Global in the 1st quarter valued at about $1,439,000. Finally, Exchange Traded Concepts LLC purchased a new stake in shares of Venture Global in the 1st quarter valued at about $1,316,000.

Analyst Upgrades and Downgrades

Several analysts have weighed in on VG shares. Johnson Rice started coverage on Venture Global in a report on Tuesday, June 17th. They issued a “buy” rating and a $20.00 price target on the stock. Royal Bank Of Canada lowered their price target on Venture Global from $15.00 to $14.00 and set an “outperform” rating on the stock in a report on Monday, May 5th. The Goldman Sachs Group lowered their price target on Venture Global from $20.00 to $17.50 and set a “buy” rating on the stock in a report on Wednesday, May 14th. Deutsche Bank Aktiengesellschaft lowered Venture Global from a “buy” rating to a “hold” rating and set a $17.00 price objective on the stock. in a research report on Monday, July 14th. Finally, Scotiabank set a $16.00 price objective on Venture Global and gave the company a “sector perform” rating in a research report on Tuesday, July 15th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, Venture Global has a consensus rating of “Hold” and an average price target of $16.69.

Venture Global Trading Down 2.4%

Shares of VG stock opened at $15.89 on Monday. Venture Global, Inc. has a fifty-two week low of $6.75 and a fifty-two week high of $25.50. The stock has a 50 day simple moving average of $14.61. The company has a debt-to-equity ratio of 3.49, a quick ratio of 1.67 and a current ratio of 1.73.

Venture Global (NYSE:VG) last issued its quarterly earnings data on Tuesday, May 13th. The company reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.08). The firm had revenue of $2.89 billion during the quarter, compared to analysts’ expectations of $2.83 billion. On average, equities research analysts expect that Venture Global, Inc. will post 0.52 earnings per share for the current fiscal year.

Venture Global Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Tuesday, June 10th were paid a $0.0165 dividend. This represents a $0.07 dividend on an annualized basis and a dividend yield of 0.42%. The ex-dividend date of this dividend was Tuesday, June 10th.

Venture Global Company Profile

Venture Global has fundamentally reshaped the development and construction of liquefied natural gas production, establishing us as a rapidly growing company delivering critical LNG to the world. Our innovative and disruptive approach, which is both scalable and repeatable, allows us to bring LNG to a global market years faster and at a lower cost.